Arcosa (NYSE:ACA) Hits New 52-Week High at $95.50

Arcosa, Inc. (NYSE:ACA)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $95.50 and last traded at $95.27, with a volume of 357323 shares changing hands. The stock had previously closed at $91.29.

Analyst Ratings Changes

ACA has been the topic of several research reports. Oppenheimer upped their price target on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a report on Wednesday, August 7th.

Arcosa Trading Down 2.3 %

The business has a 50 day moving average of $87.46 and a 200-day moving average of $84.79. The company has a current ratio of 2.31, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4.52 billion, a P/E ratio of 31.87 and a beta of 0.72.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The firm had revenue of $664.70 million during the quarter, compared to the consensus estimate of $661.54 million. During the same quarter in the prior year, the firm posted $0.76 EPS. The business’s revenue was up 13.7% on a year-over-year basis. Analysts anticipate that Arcosa, Inc. will post 3.39 EPS for the current fiscal year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.21%. Arcosa’s dividend payout ratio (DPR) is 6.85%.

Insider Transactions at Arcosa

In other news, Director Steven J. Demetriou bought 6,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $87.70 per share, with a total value of $526,200.00. Following the completion of the acquisition, the director now owns 9,943 shares of the company’s stock, valued at $872,001.10. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Steven J. Demetriou purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of $87.70 per share, with a total value of $526,200.00. Following the completion of the purchase, the director now directly owns 9,943 shares in the company, valued at $872,001.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio Carrillo purchased 12,125 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $82.05 per share, with a total value of $994,856.25. Following the purchase, the chief executive officer now owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Institutional Trading of Arcosa

Several institutional investors have recently added to or reduced their stakes in ACA. Xponance Inc. lifted its stake in shares of Arcosa by 4.4% in the second quarter. Xponance Inc. now owns 3,073 shares of the company’s stock valued at $256,000 after buying an additional 130 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Arcosa by 1.1% in the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $1,126,000 after buying an additional 146 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Arcosa by 1.5% in the second quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock valued at $1,134,000 after buying an additional 195 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Arcosa by 22.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,072 shares of the company’s stock valued at $89,000 after purchasing an additional 200 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in shares of Arcosa by 5.5% in the second quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock valued at $371,000 after purchasing an additional 233 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Company Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.